The Mason County Real Estate Sales for January 16 through January 31, 2009 is nearly identical to the numbers reported in the first two weeks of January 2009.

 

The total number of Real Estate sold for the entire County in the last two weeks January of 2009 came in at 19 in the amount of $2,894,100. In the first two weeks January 2009 it was reported that 19 were also sold but in an amount slightly higher at $3,090,200.

 

Of the 19 sold the last two weeks of January, only 6 were single family resales on less than 5 acres. Of the 6 homes sold, 3 were sold in the Shelton area and 1 in the Belfair area and 2 in the Hoodsport, Union area.

 

There was 1 single family resale on more than 5 acres that was sold in the Hoodsport area. There were no new single family homes or Condominiums sold.

 

Land sold with a Mobile posted 1 sold. There were also 4 platted parcels sold and 3 short plats sold and 2 Unplatted parcels sold. In addition, the County recorded 2 Multi family sales.

 

Area A (Shelton, Arcadia, Kamilche) totaled 5 real estate sales in the amount of $488,800. Area B (Hartstene,Agate) total sold was 2 in the amount of $257,400. Area C (Ayers Point, Belfair, East Shore) had 7 sales in the amount of $1,053,000 and Area D ( Triton Head, Hoodsport, Union) recorded 5 sales totaling $1,094.900.

 

Prices for the 6 single family resales that sold ranged from a high of $295,000 to a low of $37,000. During this period the County’s average price for a single family home on less than 5 acres was 178,167 and the median of $186,000. Lot sold average $43,675.

 

The total loan counts for the County during this time period was 133 loans in the amount of $24,190,079. The average conventional 30 year real estate loan was 5%.

 

So far the Mason County Sales year to date volume by Dollars shows that 35.167% of the sales are in Single Family Resales on less than 5 acres, followed by 14.053% in Commercial Sales. 10.058% of the Dollar volume was for Single family resales with acreage and 10.451% in Multi-family. Unplatted Land Parcels was next at 9.859% followed closely by Short plats at 9.191%. Mobile home on land was 6.564% and Land Lots were 4.657% of the year to date dollar volume.

 

This weeks report is a little dismal but, if you have been watching the market for some time as we Realtors do, you might come to the conclusion that this is a great time to buy! Interest rates are at an all time low, there is a huge amount of inventory available and if you’re a renter or a first time homebuyer there are programs that allow for flexibility on issues such as down payment assistance.

 

Don’t let the Doom and Gloom in the national media estrange you, there are Realtors around the County that are ready to match clients to communities and priorities to properties